Seriously? That's why they are buying the US bond? Statistics vs. statistics. Who wins?

My friend says Mexico will win!

5:37 pm July 31, 2009

Too much fun is funny. wrote:

WSJ is funny, we admit.

3:20 am August 1, 2009

Silly wrote:

What is this mumbling about? Is this English, Chinese or Chinglish?

3:40 am August 1, 2009

Statistics is important wrote:

Wasn't it the statistics ppl use to keep the house bubble growing bigger and bigger until it bursted? Comparing to Madoff and Sr. Standford, these Chinese ain't nothing and need to learn. What would ya say, eih? Who is bigger?

8:40 am August 1, 2009

rick wrote:

I"m sick about the statistics. It's for the officials, not for us.

7:18 pm August 1, 2009

John wrote:

9:03 pm August 1, 2009

Crispus wrote:

I recommend: "How to Lie with Statistics" by Darrell Huff and Irving Geis. Great for turning Chinese statistics into useful data.

9:33 pm August 1, 2009

Chinese Statistics wrote:

Replaced their bicycles with cars and filled the shelves of Walmart with made in China goods for many years. Hasn't it been not useful? It was the lies by Madoff and Standford turned Wallstreet statistics useless. Crispus, I recommend you recount your retirement funds in the bank and tell us how do you feel.

Crispus should realize that his unkles lie because he ain't really that smart.

3:12 pm August 2, 2009

Like their banking system, ha, ha! wrote:

Not as good as US banks and WallStreet, although crush proof. The more one lies, the worse one crushes. Think of the WallStreet, folks and your own bank accounts. The Chinese statistics, a toddler, eih? They may need to learn from Wallstreet - don't brag about it so ppl don't know, and get on for big ones, like Maddof.

3:17 pm August 2, 2009

The Chinese are wrong wrote:

They think the Statistics is a science unlike the other ppl using it as a tool to cheat. Wrong way of thinking will lead to wrong results.

10:13 pm August 2, 2009

Crispus wrote:

GDP numbers are a guess. Granted a lot of work, time and money is expended to develop "the" GDP number but it remains a SWAG.

Me thinks China's actual GDP is greater than $5 trillion USD, perhaps more than $5.5 tln USD. Should China admit the actual GDP, most of the world would scoff and China's explanation for the upward revaluation would be very embarrassing.

What to do with the difference? Western conventional thinking says 10% plus GDP growth is risky. The Western perceived risk lowers the propaganda value of China's impressive growth. What to do? Since China controls the statistics, and always bears in mind the propaganda value, domestic and international, of these statistics, the answer is QED.

Moderate and smooth monthly statistics to reveal a steady, continuous and impressive growth for propaganda purposes. The excess of actual over official GDP numbers can be used to show steady, continuous and impressive official growth even when actual growth slows or declines. As I stated, I think there is about $1 trillion U$D of actual GDP that needs to get into the official numbers sooner or later. The world economic downturn provides China's NBS with the opportunity to use this "extra" GDP $$ they have on the shelf and become the darlings of the propaganda driven leadership regime.

Naughty little things make it messy. Exports, a major GDP item, are way down and outside China's contro; as importing countries will provide other, better and conflicting numbers. Exports to some "foreign countries," Hong Kong and Macau need to rise. Electric power generation is also naughty. Solution: stop releasing figures until the party line can be enforced and then harmonized the numbers.

The secret of using China's statistics is recognizing the propaganda importance. There is a pattern here and it maybe possible to detect an underlying model. Study Chinese attitudes toward press, information and control of public opinion. The enigma that is China may be just bit more understandable.

1:40 pm August 3, 2009

Happens every time wrote:

What I want to say about statistics is... zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

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